Commenting on the KPMG Audit report considered at today’s full Council meeting, Depute Leader Cllr Michael Veitch said:
“This is a challenging but encouraging report which contains much to welcome and shows we are on the right track. The fact that the statutory deficit is less than originally budgeted and capital expenditure is down 27% on the previous year, underlines the commitment of the Administration to improve the health of the Council’s finances. We remains focused on budgeting for a break-even position by 2015-16.”